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When you need to preparing budget for your business the first step will be A- Strategic B-Purchases budget C-Sales budget D-Cash budget

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Question ajoutée par haytham atwa , BUSINESS DEVELOPMENT MANAGER , Bin Mohamed Al Maadeed. (Group Companies)
Date de publication: 2014/06/25
Mubashir Shahzad
par Mubashir Shahzad , Oracle Functional Consultant/ERP Business Analyst , Jaffer Business System

i think firstthing is to make strategic budget, identify objectives, make strategies depending on vision and mission and then drill down to individual heads like sales, purchase, cash etc.

plz like the answer

Utilisateur supprimé
par Utilisateur supprimé

For long term answer A is correct .

But for current work answer C is correct .

But you did not determine so answer C is the correct answer 

Anayatullah Tahir
par Anayatullah Tahir , Finance Manager , Etqan Projects

As mentioned before by other participants, Strategic Budgeting and planning is done on the start or a major overhaul of the business.

Otherwise Sales budget is made first and other budgets follow it.

Mohammad Azeem
par Mohammad Azeem , Finance Manager , Premier Paints Company

Considering the amount of information provided in the question, I would agree with all those who said: sales budget,  because budgets are made based on the strategies formulated to achieve the vision or mission of the organization. So, sales budget would be the first one to be made.

FINO ALAPATT
par FINO ALAPATT , Chief Accountant , The switch company

In the case of ongoing business, answer is c .in the case of start- up busines, answer is a .

Sara Naeem
par Sara Naeem , Trainee Finance officer , Wah Brass Mill

First is strategic budget includes what is our aim? what we exactly want? then further purchase,sales and cash budget.

Ngwe Amalya Akwi
par Ngwe Amalya Akwi , secretary , AJOS ETS

Before preparing a budget for your business, I surgest the Strategic(A) should come first since the strategic budget gives varieties of means in achieving goals. it also make plans for managing it resources and also planning how to assign resources to each prgrammed area.

Later on the sales Budget will also counts which is to forecast production requirement, estimate earnings and also set departmental goals.

Then the purchases Budget which allows the business owner to determine how much money and goal are needed to reach desired goals.

Lastly the Cash Budget to estimates the cash inflow and outflows in a period of time.

Irfan Yaqoob
par Irfan Yaqoob , Finance Manager , Black Spoon Management & Consultancy

First Strategic Budget follwed by operational budget

Khaled Abdelrehim ACCA DipIFR CMA
par Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Stratigic Budget

Muhammad Fiaz
par Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

Strategic Budget first than all other operational budget.

Almutaz Bakry Sidahmed
par Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

The question is about budgeting, sale budget should be prepared firsty, this known in budget formulation.

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